PHOTOCAT A/S - CVR: 32357903

2022, DKK

30.05.2023

Bruttoresultat

4.458'

Primær drift

-3.147'

Årets resultat

-2.986'

Aktiver

22.613'

Kortfristede aktiver

6.891'

Egenkapital

14.165'

Afkastningsgrad

-14 %

Soliditetsgrad

63 %

Likviditetsgrad

130 %

Resultat

30.05.2023

Årsrapport	2022 30.05.2023	2021 26.05.2022	2020 27.05.2021	2019 04.06.2020	2018 26.04.2019	2017 02.05.2018	2016 04.05.2017	2015 26.05.2016
Nettoomsætning	14.839.555	13.442.913	12.166.725	6.735.136	4.587.123	5.616.426	5.180.480	2.360.667
Bruttoresultat	4.457.716	5.412.306	3.196.494	498.693	-370.834	-327.844	-2.593.884	-1.528.404
Resultat af primær drift	-3.147.266	-2.392.417	-2.126.850	-4.343.331	-5.142.768	-6.893.888	-9.767.874	-6.376.956
Indtægter af kapitalandele (tilknyttede og associerede)	0	0	0	0	0	0	0	0
Finansielle indtægter	0	0	0	0	0	0	0	0
Finansieringsomkostninger	-276.935	-115.424	-85.049	-91.797	-243.031	-256.269	-187.019	-367.714
Andre finansielle omkostninger	0	0	0	0	0	0	0	0
Resultat før skat	-3.424.201	-2.507.841	-2.211.899	-4.435.128	-5.385.799	-7.150.157	-9.954.893	-6.744.670
Resultat	-2.986.129	-2.160.360	-1.827.946	-4.116.502	-5.119.183	-6.827.600	-9.782.449	-6.299.366
Forslag til udbytte	0	0	0	0	0	0	0	0

Aktiver

30.05.2023

Årsrapport	2022 30.05.2023	2021 26.05.2022	2020 27.05.2021	2019 04.06.2020	2018 26.04.2019	2017 02.05.2018	2016 04.05.2017	2015 26.05.2016
Kortfristede varebeholdninger	942.495	1.071.492	748.054	844.863	910.656	1.090.954	957.772	1.100.158
Kortfristede tilgodehavender fra salg og tjenesteydelser	5.859.164	4.928.925	3.374.136	1.972.210	2.582.176	2.267.154	2.531.901	1.937.361
Likvider	89.810	1.416.396	2.052.229	3.336.526	37.355	811.117	172.367	3.134.677
Kortfristede aktiver	6.891.469	7.416.813	6.174.419	6.153.599	3.530.187	4.169.225	3.662.040	6.172.196
Immaterielle aktiver og goodwill	14.998.729	9.917.239	9.278.790	9.075.402	9.214.459	9.620.344	9.776.066	10.554.860
Finansielle anlægsaktiver	300.886	300.886	300.886	290.886	290.303	290.303	290.303	290.303
Materielle aktiver	421.457	836.804	1.058.641	1.197.243	1.503.933	1.901.408	2.301.515	2.788.527
Langfristede aktiver	15.721.072	11.054.929	10.638.317	10.563.531	11.008.695	11.812.055	12.367.884	13.633.690
Aktiver	22.612.541	18.471.742	16.812.736	16.717.130	14.538.882	15.981.280	16.029.924	19.805.886

Aktiver

30.05.2023

Passiver

30.05.2023

Årsrapport	2022 30.05.2023	2021 26.05.2022	2020 27.05.2021	2019 04.06.2020	2018 26.04.2019	2017 02.05.2018	2016 04.05.2017	2015 26.05.2016
Forslag til udbytte	0	0	0	0	0	0	0	0
Egenkapital	14.165.390	11.303.438	13.463.798	12.930.195	7.568.175	11.320.743	9.208.998	12.457.880
Hensatte forpligtelser	0	0	0	0	0	50.000	0	0
Langfristet gæld til banker	0	0	0	0	0	0	0	0
Anden langfristet gæld	360.783	941.055	349.434	124.841	0	0	0	17.586
Leverandører af varer og tjenesteydelser	3.919.821	2.467.239	973.535	1.468.403	1.242.753	719.930	2.171.200	1.956.775
Kortfristede forpligtelser	5.308.067	3.190.247	2.020.493	2.223.783	3.256.783	2.672.090	3.838.052	3.334.013
Gældsforpligtelser	8.447.151	7.168.304	3.348.938	3.786.935	6.970.707	4.610.537	6.820.926	7.348.006
Forpligtelser	8.447.151	7.168.304	3.348.938	3.786.935	6.970.707	4.610.537	6.820.926	7.348.006
Passiver	22.612.541	18.471.742	16.812.736	16.717.130	14.538.882	15.981.280	16.029.924	19.805.886

Passiver

30.05.2023

Nøgletal

30.05.2023

Årsrapport	2022 30.05.2023	2021 26.05.2022	2020 27.05.2021	2019 04.06.2020	2018 26.04.2019	2017 02.05.2018	2016 04.05.2017	2015 26.05.2016
Afkastningsgrad	-13,9 %	-13,0 %	-12,7 %	-26,0 %	-35,4 %	-43,1 %	-60,9 %	-32,2 %
Dækningsgrad	30,0 %	40,3 %	26,3 %	7,4 %	-8,1 %	-5,8 %	-50,1 %	-64,7 %
Resultatgrad	-20,1 %	-16,1 %	-15,0 %	-61,1 %	-111,6 %	-121,6 %	-188,8 %	-266,8 %
Varelagerets omsætningshastighed	15,7	12,5	16,3	8,0	5,0	5,1	5,4	2,1
Egenkapitals-forretning	-21,1 %	-19,1 %	-13,6 %	-31,8 %	-67,6 %	-60,3 %	-106,2 %	-50,6 %
Payout-ratio	Na.	Na.	Na.	Na.	Na.	Na.	Na.	Na.
Gældsdæknings-nøgletal	-1.136,5 %	-2.072,7 %	-2.500,7 %	-4.731,5 %	-2.116,1 %	-2.690,1 %	-5.222,9 %	-1.734,2 %
Soliditestgrad	62,6 %	61,2 %	80,1 %	77,3 %	52,1 %	70,8 %	57,4 %	62,9 %
Likviditetsgrad	129,8 %	232,5 %	305,6 %	276,7 %	108,4 %	156,0 %	95,4 %	185,1 %

Resultat

30.05.2023

Gæld

30.05.2023

Årsrapport

30.05.2023

Nyeste:01.01.2022- 31.12.2022(offentliggjort: 30.05.2023)

Information om virksomhedens regnskabsklasse:The annual report of Photocat A/S for 2022 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B, as well as provisions applying to reporting class C entities. The accounting policies applied are consistent with those of last year. The annual report for 2022 is presented in DKK

Beretning

30.05.2023

Beskrivelse af usædvanlige forhold, der kan have påvirket indregningen eller målingen:Key events The Company’s strategy to focus on customers with a proven track record in launching innovative products remains the core business approach. This is supported by finding and delivering high-profile demonstration projects. Further, this has resulted in us working closely with the scientific community and verify our unique value propositions. This resulted in a major demonstration project in the City of Copenhagen around a school. It is known that children suffers the most from air pollution. The project was concluded in the second half of 2022. The overall conclusion showed important impact on improved air quality which could not be justified by any other event justifying a reduction in NOx levels around the school. The project was delivered to Copenhagen Minucipalty. The city chose not to continue the observations beyond the year as the results were found to be conclusive. From a Photocat perspective it is positive to see that the results are on line with the results previously reported based on similar test on Roskildevej. It is Photocat perception that the physical phenonmenon photocatalysis offers has a real and relevant impact on air quality. Further Photocat offer a fast and attractive return on investment. 2022 was also the year where it became evident that our Photocat Garden entered into new distributorship in Denmark with a campaign targeted on using SoMe very to specific target groups did not satisfy our expectations. We found a need to be sure to have the professional segment before being able to have success in the Do It Yourself category. Yet we signed a promising agreement with the Norwegian company HeyDi to market in Norway. We hope this will show to be positive in 2023. The product is unique in the market place as it offers the wellknown impregnation benefits yet strengthened with photocatalytic degradation properties. We believe there is a market for this unique value proposition. The discussions on green transition was becoming louder in 2021, however, with structural differences between our main markets. In our Danish, Norwegian homecourt the challenge is that the green transition is driven by the private sector and city infrastructure is mainly a public activity. In the more southern markets like Spain the challenge is that public sector is the driver and political movement is in route, however, still needs the implementation parts of it. We see positive developments in both market structures. The indoor segment was recovering from the Covid-19 lock downs in north America. We saw the full effect of inflation measures taken in north America towards the end of 2022. This resulted in a decreased market demand in new housing and renovation projects.

Oplysning om usædvanlige forhold:The general meeting decided on the 26 May 2021 to authorize the board of directors to issue warrants of up to 500,000 shares without existing shareholders having pre-emption rights. At total, 335. 000 warrants have been issued to the chairman of the board of directors, the CEO and other key employees which the management find exceptionally important for the successful execution of the Company’s strategy. 215. 000 warrant entitles its holder to subscribe for one share in Photocat A/S of nominally DKK 1 at a price of SEK 19. 4 and 120. 000 warrant entitles its holder to subscribe for one share in Photocat A/S of nominally DKK 1 at a price of SEK 14. In 2023 additional 180. 000 warrants have been issued which entitles its holder to subscribe for one share in Photocat A/S of nominally DKK 1 at a price of SEK 9.

Statement by Management on the annual report

Identifikation af den godkendte årsrapport:The supervisory board and executive board have today discussed and approved the annual report of Photocat A/S for the financial year 1 January - 31 December 2022.

Management's review

Beskrivelse af virksomhedens væsentligste aktiviteter:Business review Photocat has developed photocatalytic liquids that can be applied to surfaces etc. giving an air cleaning effects as it removes NOx from the air. Photocat was born as a green transition company focusing on delivering environmental and climate solutions to the goals set up by the UN and known as the 17 world sustainability goals. Photocat delivers life and health saving solutions at health economic beneficial profile for the public sector. Photocat keeps track of its delivery on these important transition goals and focuses on NOx control for better air quality in the cities. Also, indoor air quality has been on the agenda, and the company has delivered several solutions for the reduction of VOC’s. In the foreseeable future, the company will add CO2 reduction to its palette of unique property proposals. Photocat’s solutions are developed with economic and scientific aims enabling customers to offer even greater value when delivering their own products like roofing membranes, pavements, roads, and floors. The Product portfolio is marketed using direct sales methods to potential customers in selected markets. Photocat uses the brands NOxOFF, Actifloor, ShineOn and Photocat Garden as recognizable tradenames. All the products are in their early lifecycle phase.